Yen slides with JGB yields after BOJ cuts growth forecasts

Quick Summary:

TOKYO :The Bank of Japan cut its growth and inflation forecasts on Thursday while refraining from raising interest rates against a backdrop of uncertainty created by Washington's aggressive and erratic tariff policies.

"The market reacted to the BOJ's pessimism, seen in the statement, about how the global economy would affect its intention to raise policy rates.

"They (the BOJ) are pessimistic about economic growth and the inflation rate, so the market reacted with yen selling.

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Article Details

Category: EconomyBusiness

Markets: SingaporeJapanMali

Topics: Rate Policy Rates Inflation Year Market Growth Japan Hike Bank Cent

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-01 @ 13:23:29 (17 hours ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 826 words

Reading Time: 5 minutes read

Sentences: 38 lines

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Copyright Owner: © Channel News Asia

News ID: 28307000

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